Publix coming to Richmond (transfer, buying, prices)

[sls76]

Originally Posted by Carolina Knight

I usually do not shop at Aldi and Trader Joe's. I have not been to a Kroger in 12 years. Its Marketplace hypermarket stores will be exciting to visit and shop as an alternative to Walmart Supercenter stores.

They are great. Plus fuel points for gift cards are awesome.

[sls76]

Originally Posted by Carolina Knight

Florida has more households with disposable income and higher costs of living. Winn-Dixie's prices have been consistently higher than Publix.

Not my experience at all. True in Naples and West Palm Beach , perhaps but not even close to being true in Tampa and Orlando.I haven't been to Winn Dixie in a decade thankfully. Again my point is Publix is very expensive compared to what we pay in Richmond and its margins will likely be very thin here.

[Carolina Knight]

Originally Posted by sls76

They are great. Plus fuel points for gift cards are awesome.

Are they Kroger gift cards or gift cards to other businesses?

[Carolina Knight]

Originally Posted by sls76

Not my experience at all. True in Naples and West Palm Beach , perhaps but not even close to being true in Tampa and Orlando.I haven't been to Winn Dixie in a decade thankfully. Again my point is Publix is very expensive compared to what we pay in Richmond and its margins will likely be very thin here.

Publix will need to be price competitive in the Richmond metropolitan statistical area. I doubt it have difficulty adapting to the market.

[aquest1]

In the last year and a half, Wegman's, Lidl, Aldi, Neighborhood Market, and now Publix have been added to an already competitive mix of expanding grocers in the Richmond market. The area has more grocery stores per capita than any other region in the country (Wallethub). Who or will there be a first casualty? My bet is on Martin's, (Giant by any other name) whose quality and service have tanked to the bottom of the barrel.

[sls76]

Originally Posted by Carolina Knight

Are they Kroger gift cards or gift cards to other businesses?

Other. My credit card gives 6% back at grocery stores so when they run 4x fuel points I'm at about 14% off.

[Carolina Knight]

Originally Posted by aquest1

In the last year and a half, Wegman's, Lidl, Aldi, Neighborhood Market, and now Publix have been added to an already competitive mix of expanding grocers in the Richmond market. The area has more grocery stores per capita than any other region in the country (Wallethub). Who or will there be a first casualty? My bet is on Martin's, (Giant by any other name) whose quality and service have tanked to the bottom of the barrel.

I see Food Lion being an immediate casualty. Its stores are a step below Martin's. It has been obliterated by Kroger and Publix in other markets and states.

[sls76]

Originally Posted by Carolina Knight

Publix will need to be price competitive in the Richmond metropolitan statistical area. I doubt it have difficulty adapting to the market.

I agree. My point is Richmond is saturated which drives margins very low. Only time will tell.

[sls76]

Originally Posted by Carolina Knight

I think Ahold's acquisition of Delhaize will have Martin's or Food Lion closing stores. Martin's is an improvement over Food Lion.

Agreed. But a pit compared to Ukrops.

[sls76]

Originally Posted by aquest1

In the last year and a half, Wegman's, Lidl, Aldi, Neighborhood Market, and now Publix have been added to an already competitive mix of expanding grocers in the Richmond market. The area has more grocery stores per capita than any other region in the country (Wallethub). Who or will there be a first casualty? My bet is on Martin's, (Giant by any other name) whose quality and service have tanked to the bottom of the barrel.

That's where I'd put my money too. That's why I was wondering if that's a possible acquisition target for Publix. Giant way overpaid for those stores.